Consumer confidence falls for the first time in four months as anxiety about politics rises

[BumRushDaShow]

Source: MarketWatch

Last Updated: Feb. 27, 2024 at 10:40 a.m. ET
First Published: Feb. 27, 2024 at 10:02 a.m. ET


The numbers: Consumer confidence retreated in February from a six-month high, partly because of angst about the U.S. presidential election.

The closely followed index fell to 106.7 from a revised 110.9 in January, the Conference Board said Tuesday. It was the first decline in three months.

Economists polled by the Wall Street Journal had forecast the index to register 115.1.

Consumer confidence tends to signal whether the economy is getting better or worse. Confidence has improved considerably since late last year thanks to slowing inflation, but it’s still well below the pre-pandemic high.

Read more: https://www.marketwatch.com/story/confidence-confidence-falls-to-106-7-in-february-from-110-9-93d0f5fc

[Marthe48]

1. Stop voting for rwnj

That want to burn it down. I used a pronoun because they don't know what they want to burn down or why.

[dutch777]

2. If folks remember, last time there was a shutdown and gov't spending was curtailed it hit the economy.

I don't remember dates (hell, I don't remember what I had for breakfast today) but there was an automatic sequester of I think of 10% of government non-defense spending across the board in one of the past budget agreement debacles and-- surprise!-- that slowed the economic growth. Somehow the economy doesn't really care if the $$$ flowing are individual, business or government sent, at least in the near term, it just cares how many $$$ total are moving. I am sure if the falderol the Republicans create, along with all the other worries in the country/world, triggers a recession or worse, the Repugs won't own it, but they will be a huge contributor I am sure. Prepare for another credit rate lowering for Federal debt by the rating agencies not to mention more damage to our national image internationally.

[live love laugh]

3. The RW owned media's drumbeat is powerful.

[sybylla]

4. The only reason I get up in the morning is anxiety about the election.

Not that I've slept much since January 2023 except for having covid.

[SouthernDem4ever]

5. god forbid that walmart sold a little less crap

[PortTack]

6. Purchases fall every year like clock work as the country heads into spring!